Shri Kamal Nath, Union Minister of Commerce and Industry, co-chaired the Second Session of the India-Russia Forum on Trade and Investment in New Delhi (February 12-13, 2008) along with Mrs. Elvira. S. Nabiullina, Minister of Economic Development & Trade of the Russian Federation.
Mrs. Nabiullina participated along with a high profile Russian delegation, including government officials and businessmen.
Speaking on the occasion, Shri Kamal Nath mentioned about the positive investment climate in India as also the huge investment opportunities in infrastructure, metallurgy, real estate, pharmaceuticals and other sectors.
He emphasized that the level of economic engagement between the two countries, in terms of trade and investment relations, should increase.
A Protocol was signed by Shri Kamal Nath and Mrs. Nabiullina, underlying to resolve to cooperate in several spheres of mutual interest as mentioned above.
It was decided by both the sides that enhancement of the bilateral investment and trade cooperation is one of the important steps to advance qualitatively trade and economic relations and to widenstrategic partnership and cooperation between India and Russia.
Both sides also agreed on early commercialisation of new and innovative technologies as one of the prospective spheres of cooperation.
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